May 20, 2009
METALS CREEK RESOURCES CORP.CLOSES FOURTH AND FINAL TRANCHE OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Toronto, May 20, 2009. Metals Creek Resources Corp. (the “Corporation”, TSXV: MEK) is pleased to announce today that is has closed the fourth and final tranche of its private placement, previously first announced on February 20, 2009. The Corporation issued today 1,010,000 flow-through units at a subscription price of $0.11 per unit, each unit consisting of one flow-through common share and one half of one share purchase warrant, each whole warrant being exercisable for one common share at a purchase price of $0.20 for a period of 18 months from the date of issuance. The Corporation also issued today 1,712,500 non flow-through units at a subscription price of $0.08 per unit, each unit consisting of one non flow-through common share and one share purchase warrant, each warrant being exercisable for one common share at a purchase price of $0.15 for a period of 18 months from the date of issuance.
Gross proceeds from the closing of this fourth tranche were $248,100, while aggregate gross proceeds from the closings of all four tranches of the private placement were $905,300.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol “MEK”. The Corporation is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company’s profile at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
telephone: (709)-256-6060 fax: (709)-256-6061 email: astares@metalscreek.com